Earning forecast:e-commerce platform’s net profit can be calculated using GMV*take rate*net margin.PDD’s main app GMV was 3.5 trillion Yuan in 2022. Given that consumers value cost-to-performance more as economic growth slowdown, we expect PDD’s main app GMV to be 4.5 trillion Yuan in...
this is the first time that we have seen a very meaningful profitability for PDD on quarterly basis and the non-GAAP net margin is 18%. That’s very impressive. So, given that our business model has been more and more mature, should we expect that the profitability pattern in...
2020, the company has RMB 87 billion in cash, cash equivalents and short-term investments. As of the end of Feb 2021, USD 712 million of our 0% convertible bonds due in 2024 has been converted into equity.
The commonly used pre-trained models are from the prior knowledge of ImageNet dataset [20], which has 1,000 classes and uses 1,281,167 images as the training set and 50,000 images as the validation set. As one of the remarkable milestones in deep learning, this dataset has become a ...
I have just one point to add, David, here. I think speak of the investment on Duo Duo Grocery it’s worth to mention as well investment on people, not just embedded in the lines under the cost of goods or PP&E, we have dedicated Pinduoduo teams deployed at each location we are operat...